 The Alaska Permanent Fund dividend is facing a $600 million shortfall heading into the next fiscal year. $3.8 billion is set aside for the budget and permanent fund dividend, and another $1 billion is allocated for inflation proofing. That exceeds the available revenue in the fund's spendable account, according to the CEO of the state's permanent fund corporation, Devin Mitchell. He says it's, quote, the first time we've been in this scenario, end quote. The fiscal year starts on July 1st.